Big Tech has announced $740 billion in capex this year, but AI has yet to show evidence of widespread increased productivity.

Big Tech has announced $740 billion in capex this year, but AI has yet to show evidence of widespread increased productivity.

What makes this combustible: at the very moment that tens of thousands of workers are being shown the door, a small cohort of AI insiders is becoming wealthy on a scale that's…

Nvidia VP Bryan Catanzaro says his team's compute costs now exceed employee expenses, raising questions about AI profitability as automation remains viable